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20121201
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in washington. when there are rules, they get changed to any argument you like. you can hire an economist to say what you like. >> they are the worst. >> all you are doing is arguing over the 20% in the middle. >> this is an amazing vision of politi politics. one politician, one economist, it's true. it's absolutely true. any argument, you can get a politician, economist and 40 people. >>> as long as you have a party label. >> exactly. >> then it enters, once you get to 40 and 40, it enters a round where it's debated as if reality is debated. it's not what has been debated in this country for a long time. there are no hard and fast rules that apply. it is the political argument that wins the day, one way or the other. >> taxes are political, right? >> i want to follow up on what the governor was saying. he was given an example and highlighted. we have been talking about fiction, about well, okay, if we cut taxes, the economy gets better. then the fake argument is spend, spend, spend. in reality, as we are seeing it out, it's a mixture of both. we have to do smart investments, bringing in revenue
by jamelle buoy. a staff writer for the american prospect magazine and "washington post" reporter, suzy kim. kevin williamson, dep deputy mag editor and a nonprofit group that advocates for social and economic equality. we're one day away from what most media are calling the fiscal cliff. if political concoction enacted by congress to frighten itself into passing deficit reduction measures which means unless congress acts in the next 48 hours the bush tax cuts will expire along with federal unemployment insurance and a broad package of the spending cuts including defense spending will take effect. do weeks of fruitless negotiations and john boehner and senate leader are working on a deal this morning to avoid the fiscal cliff, or as chris hayes and i call it, the fiscal curve. the deadline is soft. it's not like every american is going to be handed a bill on january 1st and there's way to manage the damage if the country goes over. the senate is set to convene this afternoon with the house to follow tonight. there's a chance that a compromise will be reached, less than 48 hours before tax r
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